Asia Stocks Higher After Obama Victory

11/7/2012 4:53AM

The uncertainty hanging over markets lifted after the re-election of Barack Obama. Asian stocks inched higher after earlier losses, while U.S. stock futures and the U.S. dollar pared declines. The WSJ's Jake Lee talks about economic challenges ahead for President Obama.

This transcript has been automatically generated and may not be 100% accurate.

... the ... today ended next and then had ... the Markets Editor Jake Lee joining us here on set out ... to Jake what was the reaction to a ... really bumpy ride on his as he sold a swing state to talk about ... the ... move towards a bomb on ... that one missile market selloff is ready for when we're expecting roll new space is pretty great guy ... and the biggest this talks as that connects to the likelihood the sun is setting still ... present day war only patchy see Stocks Edge Up Heidi us teaches heading higher Asian stocks higher ... with the other things higher ... Regis means that this insurgency to the tothe election with the Romney would it be Obama was up for that mean for on ... quantitative easing the fiscal cliff police ECB to back ... it still come out we'll know what's gonna happen for a nice we note little bit more to me did you know yesterday ... to people taking that finally as opposed to the digestive will ... receive things in Shanghai ... at and so what will the markets be looking to now I mean it that you said it is that the uncertainty is what makes the markets more volatile so what are they looking for now ... why the markets have at this time second is that we've had the presidential election gone massive fiscal cliff how we Guinea get through that ... and that's why people saying ... we are seeing are ready now but don't expect you to go very high because for this fiscal cliff looming at the end of this year ... it's a big worry for investors ... we still have the Obama administration handled the last crisis with trying to that that that seating he didn't get it through but they too can ride up to the wire markets hate it that ... citizen though the oven set the scene that how Obama negotiate with the Reagan Republican state of the fiscal cliff ... the back for to be looking to ... use and of the SNP's about last to rise even be managed is will the expenses ... ok and that was like that we thought yes features actually going down right away make of that one thing that just the initial reaction fall and the Orthodox view that people are whining the so the romaine fragrance and fragrance that's um ... said I really think ... the markets are unpredictable faithful a deal stock Steve back as they came to so to see the a bomb was a very Kamin victory every happen go quite quickly ... it was done ... Romy conceded quite easy ... thing that just gave them a move that is of of of of possible causes has pushed this ... uncertainty was well and truly a but it wasn't just an IRA bomb victory he seems to be more substantial than ... than perhaps some people have